Charity registration number 513534 Company registration number 01675232 (England and Wales) LONGRIDGE TOWERS SCHOOL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
LONGRIDGE TOWERS SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Governors Mr T. M. Bramald (Chaiman) Mrs. A. R. Marshall Mrs. P. J. Derries Mrs. S Dunford Mr. E. Roney Dr. J. Watson Mr P. Evans Mrs l. Cheef Mr D E Armstrong Dr. E. C Miller Mr. M. Mole Mrs C Targonski Mr R Reay {Appointed 18 October 2024) {Retired 31 August 2024) (Retired 31 August 2024) (Appointed 13 December 2024) (Appointed 11 January 2025) Headmaster MrJ. C. E. Lee Secretary Mrs V. J. Bryson Charlty number 513534 Company number 01675232 Principal address Longridge Towers Berwick-upon-Tweed Northumberfand TD152XQ Registered office Longridge Towers Berwick-upon-Tweed Northumberland TD15 2XQ Auditor Greaves West & Ayre 17 Walkergate Berwick-upon-Tweed Northumberland TD15 1DJ Bankers Barclays Bank P.L.C. Solicitors Sanderson Mccreath & Edney 4 Quay Walls Berwick Upon Tweed TD15 1HD
LONGRIDGE TOWERS SCHOOL CONTENTS Pag• Govemors. report Statement of Governors, responsibilrti88 13 Independent audrtorfs roport 14-17 Statement of financial activitias 18 Balance sheet 19 Statement of Cash flows Notes lo the ffinancial statements 21-35
LONGRIDGE TOWERS SCHOOL GOVERNORS. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Governors of Longrid9e Towers School Ilhe Sch¢)oll who are aLso d1ctOrS for the purpose$ of the Companies Act pr8sent their report and accounts for the year ended 31 August 2024. The accounts have been pTrpared in accordance with the accounts'ng policies sel out in note 1 to the accounts and comply with the School's governin9 d(ument. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Pradice appIab lo Chan1 preparin9 their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of lrnland IFRS 102> leff8ctiv8 1 January 2019).. iv and A¢tbVItS The Sthool's objects, as set out in the onginal Memorandum of Association of 1982 and as amendad on 14 March 2011, are the advancement of education, induding the provision of boarding or day schools for the education of children of either sex. The School is consaous that. a8 a charity. it has to m801 rts Charitsbl8 purposes and provKle a public benefit and in this report the Governors have sought lo high1ht those actsvrts undertaken by the School lo further 11$ chanlabK8 purposes for the public benefit. During rec£nt yeais the School has conb'nually monilorod its policies with particular regard to the public benefti guanC8 published by the Charity Commission under seth'on 17151 of the Charit5 Act 2011. The School's objects are.. the advancement of educatson. including the provision of boarding Of day schools for tho oducalion of children of either Sex, and onty activitS relatsng to thesè objects have bean taken into account when assessing the School's dogree of compliance with the requirements lo delivgr public benefit. Care has been taken to ensure that the opportunity to benefft is not unreasonabty restricted and. in parti¢ul8r, that children who might not otherwise have the means to attend th& School are not exdLKled. The School does this in a vanety of ways and the most snifiCant of these 1$ th6 proVisn of assistsnce with the payment of fees lo families whose financial ar¢umslances mean that they cannot pay a full fee. In the financial year the School offered financial support to 38 pupils 12023.. 47 pupils} on a moans tested basis and lo a further eight pupils 12023 four pupils) fiom Hoty Island. The School continues lo foster strong relatsonships with local schools in the maintained sector, aiming lo Collaborate where possible. This year we hosted number of $u¢c8ssful •v•nts such as the Area Cross Country and Area Hockey ¢omp¢titions. making full use of the School's sports facilities and grounds. These events not onty promote healthy competition and physical ath.vty bul also strengthen our wrth local schools. In addition lo hosting these events, th6 School also faulilates Ihe use of its premises for a rango of Community and edu¢alional activits. Local groups made use of our music r¢)om, $port$ hall, and outdoor spaces for orchestra rehearsals, Sporting ath"vilies. and other events and rehearsals. We were pleased to proVe access lo these faulilie$. ensuring that our resourc6s were pul lo good use for the benefft of local groups and individuals. The School's fieet of minibuses wa$ made available lo volunteers from the education and tharity sectors. helping transport students and volunteers to and from events and school activities. Thts small bul valuabb Service enables our lo1 partners lo carry out Ihgir work more efficiently. Our collaboration with th• Ogden Tnjst has continued this year. supporting local physics departments in gehools. The Trust's inilialives aln with ours, enriching STEM education in the region, and we are proud to ¢onlribule lo this important cause. In the area of sports, we held a coaching camp for fugby and hockey. Wh exeded expectations in terms of participation from senior pupils.. demonstrating the strong interest in extracurricular ath'vrties and the quality of the coaching provided. This was in addition lo our summer camps. which offered a variety of junior Sports and activities. These were. again. extremety well-recewed. with high levels of engagement and po%tsve feedbac from both partiupants and their famils.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Voluntsers The Longridge Towers School Development Association {LTSDA), a dedicated group of parents and supportors of the School, ¢onlinue to play a vital role in Supporting some of the School's activities, particularly through social and fundraising efforts. This year, the LTSDA successfully organised a $eri6$ of events in¢luding an online auction, quiz night, raffle and disco. These events were instrumental in raising funds for school projecls. We 81s0 benefitted from the generous sponsorship for a new sound system for the Chapel Thealfe. The LTSDA team wore on site lo support events such as the nativity play, sports days and the evof-popular Christmas fair, adding both energy and enthusiasm to these o¢¢a$ions. A high1ht of tha year has been the continued work on Mabel, Ihe doublo4ed(er bu8 fundod by tho LTSDA. The project has reached its final stages. with a renewed focus on ensuring high-qualily completion. including the installation of healing, flooring, slofage, and lOUred blinds. Collaboration be88n the LTSDA, School Governor, and Juniof Department colleague has ensured the bus m••ts the high standards we aim for. We are also grateful lo local suppliers and generous parent sponsor$ who hav8 supported specific a8pecl$ of the renovabon. The official opening of Mabel look placa in Autumn 2024, after which Mabel will provide as a dedicated reading area and library for our pupils-a much-anli¢ipaled rèsource for enhancing literacy and learning. Th8 LTSDA'S contributions are greatly appreciated by the Govornors, Senior Leadership Team, and Staff. all of whom are grateful for th• on-going support and enthusiasm of this voluntary group. The positive partnership beeen the LTSDA and the School continues to grow, and wa are particularly grateful for the role of our co- Chairs this year, who have provided inv8luoble leadership and direction in anticipation of the retirement of our current Chair al the next AGM. In addition to the work of the LTSOA, we have been fortunate lo benefit from the support of a volunteer Assistant Librarian, who has helped us lo make significant improvements lo our library's book stock and storage. Furthem)or•, our volunteer Junior Reader has continued to support junior pupils with their reading on a weekly basis, providing invaluable onoThon-one lime with students. We afe incredibly grateful to all th8 community members who givo Ihoir lime and expertise lo support the School. Voluntsers continu8 lo make a lasting impact on both tho day-to-day operations and the long-temi development of the School, and we look foard lo building on these partnerships in the coming year. The description under the headings "Achievements and PerformanrA" and "Financial Review, meet the company law requirements for the Governors lo present a str8legic report.
LONGRIDGE TOWERS SCHOOL GOVERNORS. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT> FOR THE YEAR ENDED 31 AUGUST 2024 A¢hiov8ments and Perfonnanco Strale This year, we introduced a new initiative of Parent Engagement Evenings. designed lo foster stronger collaboration and communi¢ation betsveen the School and our parent community. We hosted three meetings throughout the year, providing an infomial setting for parents and staff to come together and discuss various aspects of the School's activities and priorits8S. One of the features of these meetings was the opportunity lo share and discuss the School's largels for the year. Thi5 allowed us lo keep parents infomed about our goals and progr8S5, and lo gather valuable feedback. A key part of each session was a Q&A segment, where parents could ask questions and engage in open dialogue with staff 8nd leadership, The response lo these meetings ha$ been ov¢rv4helmingly positive. with many parents appreciating the chance lo engage directly with the School in a relaxed and constructive environment. The sassions also provided an opportunity to discu8s a wide range of topics, from academic inilialives and extracurricular activilies lo school policies and future plans. We are grateful lo all who attended and contributed to thes• discu8sions, and we look foard lo conbnuing this important dialogue in the coming year. Throughout the year, we have been actively reviewing and refining our school largels to ensure they align with our strategic vision and are directly linked to the success and achievement of our pupils. Our largels for the year focus on $everal key priorities that are central to the dev8lopm¢nl of every sludenl, including.. Academic Progression.. Ensuring that all sludents make moasurablé progress across their subjects, with particular attention lo individual18arning needs. Literacy and Numeracy.. Continuing to improv• lileraw and numeracy outcome8 for all pupils, particularly in the early years and throughout Key Sla9è 3. Attendance.. Striving for high levels of attendance, as we know that consi8lenl school attendance 1$ ¢ru¢ial to academic su¢c8s5 and personal development. Behaviour.. Maintaining a positive school culture where behaviour is exemplary, ensuring all pupils have a conducive envifonmenl for learning and porsonal growth. Destination.. Supporting pupils in making infomed choices for ltteir future. whether that's further education, apprenli¢eships, or employment, and ensuring Ihey18ave school well-prepaied for their next steps. These largels are not only key lo the daily oporalions of the School bul also align with our Strategic themes. They directly contribute to our overar¢hing goals of.. Sustsinabilily.. Embedding long-tem strategies for the well-being and achievement of our pupil$, ensuring that these largels remain relevant and effective for years lo come. Extending Partnership$'. Building on our work with lorAI schools, educational institutions, and the wider community to offer enriched opportunities for our Students. Lo¢al commun.. Strengthening our rol¢ as a valued community asset by ensuring that our largels flect the need$ and aspirations of our local area. We reviewed our progress against our str81egi¢ aim$, taking into account both our successes and the areas where we can further develop. This ongoing process ensures that we remain focused on delivering the best outcomes for our pupils and ¢onlinue to evolve in line with the needs of our school ¢ommunity and the wKler educational landscape.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 mma The School is gr8t•fvl for the advice and support from Govemors. and consc40us that the guidance of those who volunteer10 8erve as Govemors has been fundamental to the development and grovrth of the School. The School (Mimunty continues lo woth llabora'Vely. with a shared MMi)ent to fostering an environment of support. growth, and achbovemenl. This year. we were paSed to wekome a number of new Staff members who have seamlessty integrated into the team. Thoir fresh persPe"VeS and conbnued dedicatson have beon invaluable in supportir+g the on*oing development of the School. V4e believe that learning exlends beyond the ¢Jassroom, and this year we continued to offer a diverse range of educational tnps designed lo cornplement and enhance the curriculum. The$• trips not only reinforce da$$room leaming bul also expose pupils to a broader and more diverso range of envifonments and experience5. HvJhlights of this year's trips indude visits lo Newcasue Isikh TernP, Life Cenlro and Maths Department at University}, Edinburgh, London for an Art lour. and Cumbria as well as oversoas dostinalion8 such as New York, Ardèche IFrancel, and a HLstory to Berlin. Each year gfOUP and subject sel has its own favourite memori&s from these trips. which play a Significant Tole in expanding our pupils, understanding of the wodd and ennching their educational joum•y. OLtr boarding provision Continues well. with a sto•dy number of pupils benefitting from both ftrll and part-tsme boarding. This year. w8 were fortunate to welcome several small groups for short stays in the boarding house. Notsbly. a gioup of visiting pupils joined us for Chinese New Year. and we look forward lo wekoming them again next year. During their slay. th8 pupils celebrated the occasion with a special dinner, joined by other boarders who enjoyed leaming about the custom$ and traditsons of a dtheronl culture. We have also Seen an increase in flexi-boarding uptake. porticularly Irom families with pupils who have akty $porting commitments, or those seeking to reduc• travel time and focus on academi during the week. Our partnership with Northurnberland County Council and Holy Island has also eontribulod lo the growth in boarding numbers alongs6 more fiexible boardors. The boarding team lakes great prKJe in the positive and supportive atmo$phef¢ they havo created, and il 1$ heartening lo hear that many pupils describe our boarding •xpenence as 'home from home,. Boarders enjoy a nurturing. supports've. and fun environment, with weekend activities and trips such as Alnwick Gardens, Edinburgh Dungeons, Go•kafts'ng and Metro Centre. Local trips include being involv8d in R8mernbTan Day and Easter Sunday servTrces. Our student ¢ounuls have been Instrumental in driving school spiril. with many pupils offering Suggestions for aclivilies. engaging in fundraising efforts. and organising popular events such as bake $ale$, dress down days. and junior discos. These activitses foster a sense of community, r&$ponsibility. and leadership. and contn'bute to the vibrant school ltUre we Continuo lo nurture. Throughout the year. we hosted a se$ of ongaging and celebratory activities that brought the entire school cnmmunty togèther. Hhjhlights include Sports Days, STEM aclivilies, Oiwali cAlebratn$. Harvest Festival and Founders Day. Our guest speaker on Founders Day de1hled all our pupils. parents and dignItarS wrth her Personab and relatable speech, as well as inspiring our pupils to lake a chance and apply for something even rf il may feel out of their Trach - she encapsulated Carpe DM throughout the day.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Financial Perfomiance We have been fortuna16 to experieno anothor $tabl• yoar finanaally, wrth well controltsd cost management and steady pupil numbers. This has allowed the School lo maintain a sustainable equity posrtion. induding a strong focus on cash-flow management, better rxedit control. improved finanaal oversghl as wo11 as enhanced finanoal controls. Our budg•ts and forecasts have been signthcanlty infiuencd by VAT COnM5. In July the Government announced material financial changes impacting the independent sch¢)ol sector. particularly the application of VAT on fees. This require$ VAT registration and the removal of Business Rates discounts for the sector. We dedicated conSerable lime to evaluate financial s¢enario$ and the likely impa¢t on pupil numbers. We have shared our immediate strategy wrth parents for addressing VAT on fees in January 2025. The introduction of VAT into our accounts will require an additional Ve1 of processing and financial monitoring, and we are working closely with advisory boards such as Independonl Schools Bursary Assoualion IISBAI. Society of Heads ISOHI, as well as support from a VAT ¢on$ullant to ensure we map out a viable and sustainabk financial path forward. Aft¢r 40 years. we were pleased lo have the opportunity lo purthase back fields adjacent lo the 50ulhern boundary of the School. Onginally part of tho Longrge Estate. this land was sold in the eady 1980's to a local famer when the convent was still on sile. The 9.9 acres of flat land, is located adjacent to some of our sporting faulities,. once the fencing was complete". we immadial6ly started lo use the land. extending our cross<ountry course around the perimeter lo provide a longer more var0 Coufse for pupils lo use on a regular basis. We are considering our options for further sporting developments. possibly an improved running tra¢ and ¢n¢ket Slrip and one area has been set ashle for renowabie enorgy supplies such as a solar array. We are gralgful lo have received small bequests and donabons Ihroughout the year. which hav• boon dire¢led towards various projects. including bursaries, mental health support. sports. events. EYFS and sound equipment. These donations a invaluabl8 lo our school and our pupils and we sincerety appreoale the generosity of alumni. sponsors and faMils. Longridge Towers is a school where pupiL8 are encouraged to fvifil and excéed their potsnlial in academic, sporting, and extra-cufficular spheres. The School's outstanding repulatK)n is based upon its success in achving this, whil$l on5uring that its pupils are well-mannered, balan¢ed individuals who will make major contributions lo the communities in which they lead their fvlure lives. This success is ffleCted in the excellent public examination resutts obtained by pupils. We 8r8 pleased with our public examination results thi$ summer.. our pupils achved commendable results, in particular ourA-Level candtdates who passed on average three A-Levels each compared to a nabonal average of 2.5. Languages continue lo be a subject with hfjh achievement. induding some lop grades for some of our oversea$ pupils, including Russian and German. Sixth Formers ach*ved a hh pass rale at A level wrth 68% of the grades being at A. to C, showing a signrficant improvement on thé previous year. Our sixth fomers have ambitious goals for their universty ehoieés and this yearfs leavers all a¢hVed their first or second choice of destination. Thi$ ¢ontsnue$ the S¢hool's re¢ord of success in enabling ils students lo proceed to the next stage of their ¢affjer. Al GCSE, 90% of ¢andidal¢$ achieved grade 4 or above at GCSE, which is much huher than nabonal average of 70% and a 10% improvement on our rgsulls in the previous year. Classroom curriculum lessons have been enhanced by visiting speakers and workshops in art. creative writing, photography and strategy, musi¢ workshops induding Ceilidh or folk dance. Pupils have parb'cipaled in a host of $porting fixtures of,. rugby, hockey. football. netball. cross-counlry and swimming galas. This year has seen marked increase in not onty the breadth and depth of fixtures we have Partipated in but that our cohesive approach lo coaching 15 showing better results. We have worked to ensure our junior pupils had more sporting opportunities which they have enjoyed. We continue to use the Jigsaw programme as our PSHE curriculum, and this has been enhanc£d with a number of assemblies and guest speakers, providing opportunities for intra-year discussion which has benefited pupils from Year 1 to Upper Sixth to $upport their pastoral and health education.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Earty Years and junior pupils all partake in Forest School lesson5 each week, typically held in the woods, but also in¢lude beach excursions lo broaden the outdoor learning eXperienS. This dovetails nicely with the opportunities offed lo our KS3 pupils. who this year have learned whillling. about the annual seed growing cyde and continued focus on ecology around the site, with the bird feeders and hedgehog boxes they have made and installed now a regular haven for wildlife on sile. We have planted a fvrther 1,000 trees on sile thi$ year lo provide safer areas for birds lo find food and shelter. During the year. our pupils continue with their philanthropic 'servi¢es', fundraising for their chosen house charities. The junior captains arrange fundraising throughout the year by runnin9 events such as on Children in Need. The senior Houses set themselves a goal lo raise over £5,000 which meant more events and acbvities. and this was achieved. with the Ceilidh being a very memorable occasion. Extra- urri¢ularA¢tivitse$ Our enrichment programme continues lo be diverse and popular with pupils enjoying activities every day after the end of their timetabled lessons. Many pupils opt for sporting activits, and the opportunity to b8 involved for MO phy$i¢al activity each afternoon. Others immerse themselves in the arts. with music, drama and art proving to be popular choices. This year our senior chess club has been active and we saw the publishing of 'The Lens,. a pupil-run newspaper. The Duke of Edinburgh Award Continues lo be popular. with over twenty pupils completing their Bronze award this year, having partaken in expeditions throughout the region, along with numerous opportunitS for service and volunteering. A wide range of dramatsc and musical evenl$ took place including a school production of'The X Fa¢tory' and junior show of 'The Lion King.. There were laughs and lears in the Chapel during oijr Nativity play from our EYFS pupils. The AGM this year was focussed on celebrating our 40th anniversary. We were honoured to hear from our first Head Girl, some of the Founders as well as a heartf811 speech from lan Mccreath, our new President. We also gained insight into the history of the building and how the school was sel up in the early days and we were delighted lo welcome a cross-seclion of fom)er pupils, staff and trustees to join us in this important milestone. Carin for our Peo le Al Longridge our staff are vitally important to our success as a school, and they make all the difference in the way we support and educate our pupils. Our staff retention MaInS very high, but we did see a small bul meaningful change in a number of staffing a$ well a$ governance roles. Tom Bramald has settled in well as our new Chair of Governors, providing darity of vision for meetsngs and being keen to get involved in some of our school activities such as UCAS evening, Open Morning and regular visits to catch up with pupils and colleagues. We are honoured that lan McCre8lh has accepted our invitation lo become the President of LOngrge Towers School following the sad passing of Jim Stobo in August 2023. lan's long-standing connection lo the school, which dales back lo ils founding. makes him a natural fil for this important role. As President, he 1$ committed lo offering his time and support to the school and its community, ensuring its continued Success for generations lo Come. School Develo ment Com lian¢e and Monrtorin In 2022, we adopted an updated Sthool Development Plan following a consullalion period with all staff. We ontinue to review and refine the plan in collaboration with the Governors as part of the Education. Teaching, and Learning Committge. We have made steady progress toward the objectives outlined in our School Development Plan, noting many improvements as we focus on key slr8legic areas such as stsff training. numeracy, literacy. and the use of data lo infom decision-making. The Plan, which covers the period from 2021 to 2025, is cenlred on our School Motto, Value$, Objectives, Purpose, and our School Ethos. These elements have been updated lo ensure they are more memorable and relgvant to our school community.
LONGRIDGE TOWERS SCHOOL GOVERNORS. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Dunng the year we asked our pupils to help update our Sthool Values. linking them lo CARPE as part of our Motto. The pupils designed posters which a displayed around school on floor length banners. as well as being used in school cornmunicalions. The Purpose was updated lo 'Longridge is a School where everyone ¢an excel. We provide a holistic education where our pupils can futfil their potential. as confident. independent. and liftrlong learners., We encourago our cornmunity lo demonstrate Sp@Crf values". Care- looking after ournelves, and others Ach¥8 - attaining $u¢ce$$fvl outcomes Respect- showing due regard for oursefves. for others and for our environment. Pornevere- keeping going when challonged in school, or in lrfe Exc•l- being the best we can be al all times In December 2023. OUT J6 pupils created the following acrosli¢s lo articulate these values in a way that was meaningful lo Ihem.. Care - Consideration for others". Accompany peop when they are lonely, Respect other people, Equal rights for everybody Achvave-Ah¥ays Challenge yourself Hwhty In Everylhing Voluntarily with great Endeavour Rosp•ct- Responsibility, Education, Safety. Pabence. Enwuraging ftwnds, Careful play. Tobrate everyone Porsevere paInce, Education, RapKJly improve. Saenli$t eventually, Endoavour, Vory hard-working, Excellence, Reaching hh. Excel Excel - Excel is X¢ellent Conlinualion of hard work Endknss commthenl Leavin9 YOU with high achi8vem8nl and satisfaction. We are seeing continuous improvements as w8 work on achving our objectives and mile$lone$ within the Development Plan. such as an in¢reas8 In numeracy skills. higher sali$fa¢tion ralo$, more person8lised pupil support and reporting. In April 2024. we Undent an inspection by the Indepèndonl Sthool Insp8ctorale IISII as part of their cydical monitoring and inspection visits. The inspection took place over three days. wrth five Head Teachers Conducting the re¥W undor the new ISI framework. The inspection covered all aspects of Ihe School, induding pastoral care. data management, edu¢abon. leaching and learning. as well as Compliance. 11 was an intense few days. and we were de1hled lo arn after the wsrt that everythin9 had mel the required standards.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal R•vl•w The surplus before depreaation was £222.830 {2023 surplus £301.5141 and there was a sulUS for the year of £129,10012023 surplus £220,813). Tho school roll. which is the essèntial driver in our school finanaal perfomantx. has remained steady throughout the year. were ablo to control our costs well, invesbng in improvements where possible bul also maintaining a prudonl approach with an eye lo tho futuro impacts VAT may have. Our site dev•lopmenl has continued wth a clear focus on enhanang teaching areas. playgrounds, and shared spaces lo improve both Staff and pupil experiences. We have also made Str8$ in diversfying income slf¢ams, with plans lo further uts'lise the sile and buiklings outside of tern tr'me. rolling out new iniliatlV85 over the next year. Over the summer, we undortook several IT projects, indudiThJ mowng our Student Management System ISMSI lo an online platfo, whereas il had previously been hosted on-sil8. The IT team managed this transition smoothly, provIng training and guidance to ensure staff felt Confidonl and comfortable with tho change before the start of the new academic year. We have continued to support many families through our bursary and 8cholarship programme8, and have roceiv8d Several requests for hardship assistance from existing famils. IhThile our bursary fund is limited, wo have been able lo offor fin•naal PpOrt to ensure that pupi18 expernung finanual than98$ are able to remain al the School. Our scholarship programme ha8 also evofved. with $tholars moeling more regularfy to take on shared responsibilitS and engage in various opportunib'es. This indudes shared lun¢he$ and adiwrtS that foster a 80nse of community and collaboration. The ovordraft posits'on al the year-end was £nil12023 £nil)- The lotsl funds hekl by the School at the year end is £4,750,788 12023. £4.621.688). The Governors roviewed the structure of Resefves in 2008 and. having considered the income and expondituro streams, they split thom into four funds.. Science Facilities (note 16).. this fund has been credited with the donab.ons made dunng previous years. This fund is being expended on refvrbishmenl of the Saence facilrties. such as the laboratory renovation over the Summor. The Science FacilitS Fund balance at the year-end is £6,68412023.' £10.1541. Major Repairs Fund {noles 17 and 20}.' in 28 the Govemors Mlentfvd that a number of aspects of the main building would require $ub$tsnlial expenditure in the next fifteen years and this work 1$ progre$$ing at a steady pace lo ensure that the fabric of the building is maintained at a satk8factory level. The Major Rèpairs Fund balance at the year-end is £61,995 {2023. £61,995). Bursary Fund (note 171.. it is $bll apparent to Govemors that the current financaal issue$ affectrng the Uni18d Kingdom may well impact on the School and therefore each year they sel aside a small reserve for those existing parents facing financial hardship. Thts is done on an annual b8$i$ and spent wrthin the year. therefore the Bursary Fund balance al the year end is £nil {2023'. £nill. General Fund.. the main balance of reserves is held in Ihe General Fund. The Board of Govemors review this on an annual basis taking into eonshleration the inherent risk assoryated with running an independent school. The Board always considers the wider economic environment and the potential impact that this can have on the results for tho year. The balance of funds is revWed taking into cOnSeration operational and finanaal plans for the year lo ensurg that the Sthool has sufficient funding lo meet the objectives on an on4Joing basis. The General Fund balance at the year end is £4.682.10912023'. £4,549.5391.
LONGRIDGE TOWERS SCHOOL GOVERNORS. REPORT (CONTINUED)IINCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 We continue to elosely monitor and mitigate risks through a comprehensive approach, which includes the idenlifi¢alion. assessment, and control of risks Ihroughoul the yeaf. Our risk management controls include.. Detailed Temis of Reference for each Committee", Fomial agendas and minutes for all Committee and Board activity.. Comprehensive bud9eling, cash flow I0¢¥511.ng and management accountsng, with regular reporting lo the Finance and Estate$ Committee.. Established organi$atsonal slnjcture and line$ of reporting., Fomal wntten policies", Risk Register for each Committee. and other hMJh-risk areas $u¢h as safeguarding or health arKI safety. These are all reVwed and summansed by the Audit and Risk Commtttee members; School D6velopment Plan", Detailed Risk A$s¢ssments. reVwed with staff as appropnate.. Veth'ng procodures as required by law for the prolects.on of children. Thfough these risk management pro¢e$5es. the Govemors are satisfied Ihal the major nsks identified have been miligaled where possible. However. Il is recognised that while these systems provide reasonabie assurance, they cannot offer ab$olul• certainty that all risk$ havo been fully managed. Future Uncertain In racenl years. we have seen improvements in both our financial and educational perfomlance The stsbilisation of our school roll has enabled u$ to balance stsffing needs effectively lthile we remain highly dependonl on our school roll. our finanaal perfomance 15 also swnfficanuy influ8nc4d by strategic dea$ion$ regarding spending and investrnents. As a $¢ctor. independent s¢hools are Vulnerab lo Changes In government policy, and wo regularty plan for and review vanous finanoal SCenarS. For the year ahead. we have based our planning on a conservatsve school roll, anlicipaled VAT and National Insurance changes. and tho resulting budget adjustments. W• recognise that un¢ertaintYdS remain for our pupils. their families, and the school itseff. given the on-going hanges within the sector. However, our strong perfonnance in recont yoars has allowed us lo build reserves, which will help miligale some of these uncertainl*s. Our focus remains on supporting our pupils and stsff, growing the school roll. and improving academic outcomes, all while maintaining a prudent approath lo finanual management lo ensure tho conts.nued sustainability of the School.
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Structure, Governance and Management mma The charitable company is a company limited by guarantee and has no share capital. Longridge Towers School vrfas incorporated on 2 November 1982 and is governed by its Memorandum and Articles of Association. The company is limited by guarantee and has no share capital. The company registered as a Charity on 28 February 1983. The School's objects, as set out in its Articles of Association are the advancement of education, including the provision of boarding or day schools for the education of children of either or both sexes. The Governors, who are also the directors for the purpose of company law, and who served during the year were.. Mr. T.M.Bramald (Chaimian) Mrs. l. Cheer Mrs. P.J. Derries Mrs. S. Dunford Mr. P. Evans Mrs. A. R. Marshall Dr. E.C. Miller Mr. M. Mole Mr. E. Roney Dr. J. Watson Mr. D. E. Amistrong Mrs. C. Targonski Mr. R. Reay 1. 12 4,10 3,4,6 1.2.5.8 1.5,7,9, 11 {Resigned.- 31 August 2024) (Resigned= 31 August 2024) 1. 11 1.6.7.9 (Appointed 18 October 2024) (Appointed 12 December 2024) (Appointed 10 January 2025) Positions held as at 31 August 2024. 1 indicates those Govemors who serve on the Audit and Risk Committee" 2 indicates those Govemors who serve on the Finance and Estates Committee; 3 indicates those Govemors who serve on the Marketing, Communi¢ation and Development Committee., 4 indicates those Govemors who serve on the Education. Teaching and Leaming Committee; S indicates those Govemors who are parents of fomier pupils at the School: 6 indicates those Governors who are parents of pupils at the S¢hool', 7 indicates those Governors vrith joint responsibility for Safeguarding- 8 indicates the Governor wth responsibility for Health and Safety: 9 indicates those Governors with joint responsibility for Boarding- 10 indicates the Governor with responsibility for SEND, 11 indicates those Govemors vh)0 serve on the Nominations Committee. and 12 indi¢ates the Governor with responsibility for EDI. Additionally, an Awards committee exists for which the Governors are anonymous. 10-
LONGRIDGE TOWERS SCHOOL GOVERNORS, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 ointment of Governor Govemors are selected by reference to specialist skills. personal competence. knowledge of the Sthool. and local availability. Their appointment is confimied by the members in general. In December 2016, Govemors established a Nominations Committee for the purpose of recruiting and appointing Govemofs. New Governors are given induction training vthen they are appointed. Existing Governors are also given on- going training, to ensure they have the detailed knowledge to carry out their duties. ani tional Mana em The Board of Govemors, as the charity trustees of the School, are legally responsible for the overall management and control of the School, and meet at least three times a year. The structure for the SLtJ- committees was updated and there are now four sub-committees reporting to the main Board. All Committees have updated Tem)s of Reference. and we have welcomed a number of new Governors lo work with our existing members. The Finan and Estates Committee is responsible for reviewing all financial matters and considering all material matters around the long-term upkeep and development of the site. taking heed of the constraints that affect the main house, which is a listed building. The Marketing, Communication and Development Committee is responsible for assisting Vth helping to grow the School roll and ensuring we continue to improve communications wilh stakeholders. The Audit and Risk Committee regulady reviews the Risk Registers of the School and ensures that matters such as Safeguarding. Emergency Planning and Health and Safety are monitored and updated in line with legislation and best practice. The Education, Teaching and Leaming Commrttee considers all matters relating to pupil and teacher achievement, including examination results and staffing. hile the Governors set out the general policies and strategy of the School, the day-to-day running is delegated to the Headmaster and the Finance Director, supported by the Senior Leadership Team (SLT). The Headmaster and Finance Director attend all meetings of the Committees vthilst the other members of SLT attend all the meetings of the main Board. The SLT comprises.. the Head. Deputy Head. Head of Junior Department, Designated Safeguarding Lead and Finance Director (Bursar). Pa andR mun nior Staff The pay of all teaching and support staff is guided by the School's current pay scales. We have a Joint Negotiating Committee (JNC) in place with the National Education Union INEU) to consider pay, hours and holidays for our Teachers and Teaching Assistants, excluding SLT members. Inves These are govemed by the Articles of Association which permit investments in any security or propety as allowed by Law and also by the Charity Commission. We thank each and every volunteer, pupil, parent. carer. staff colleague, Governor and others who have provided support and encouragement throughout the year. and we are thankful that the Longridge Community continues to be such a caring. supportive, and collaborative neork, and an important part of the local and wider community in the region. We enjoyed many celebrations together throughout the year as part of our 40th anniversary year. 11
LONGRIDGE TOWERS SCHOOL GOVERNORS. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Auditor In attordance with the company's articles, a resolution proposing that Greaves West & Ayre be reappointed as auditor of the company will be pul at a General Meeting. The Governors. report. induding the strategic report, was approved by the Board of Govemors. Mr T. M. Bramald {Chalmian Governor Dated. Orc 70214 12-
LONGRIDGE TOWERS SCHOOL STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The Governors, who are also the directors of Longridge Towers Schi)ol for the purpose of company law. are responsible for preparing the Govemors. Report and the accounts in accordance wrth applicab law and United Kingdom Accountin9 Standards (United ngdoM Generally Ac£epted Accounting Practice). Company Law requires the Governors lo prepa axounts for each financial year which gNe a tnje and fair view of the stsle ol affairs of the Charitable company and of the incoming resources and appli¢alion of resources. including the income and expgndilure. of the charitsble company for that year. In preparing these accounts, the Govornors are required lo.. - seled Suitsble accounting policies and then apply them consistenty.. - observe the methods and prinCIpS in the Charities SORP". make judgements and estimat85 thal aro reasonab and prudent.. state wh8lher applicable UK Accounting Standards have been folkjwed, subjed lo any material departures disdosed and explained in th• accounts; and prepare the accounts on the going concem basis unl8ss il is inappropriate lo presume that the charitable company will continue in operation. The Govemors are rosponsible for keeping adequate accounting records that disclose wrth reasonab accuracy al 8ny limo the financial position of the charitable company and enable them to ensure that the accounts CA)mply with th• Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking roasonable steps for Ihe provenb'on and deleclion of fraud and othor irregularitses. In so far as the twstees are aware.. ther• is no r81evant audit infomiaiion of which the ¢harttsbl• company's auditor is unaware., and Ihe trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit infomialion and lo establish that the auditor is aware ol that informatson. 13-
LONGRIDGE TOWERS SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF LONGRIDGE TOWERS SCHOOL Oplnlon We have audited the financial statements of LongrKlge Towers School (the 'tharitabl8 company'l for the year ended 31 August 2024 which comprise the statement of financial a¢tivib8s. the balan sheet, the statement of cash flows and notes lo the ffinanual Statements. including shJnffi¢ant accounting polic$. The financial r8ports.ng framework that ha5 been apPld in their preparation k8 applicable law and United 'ngdorn Accounting Standards, including Financial Reports'ng Standard 102 The Financial Repn9 Slondanl applKable in the UK and RepublK of Irg18nd (United Kingdom Generally Accepted Accounting Pra¢ticol. In our opinion, thè financial $latsments.' give a true and fair view of the state of tho Charrtab c&)mpany's affairs as a131 August 2024 and of its incoming resourcs and application of resources, for the year then ended.. have boon properfy prepared in accordan wrth United "n9dOM Generally A•pIed Accounts'ng Practi., and have been prepared in 8rxordanc with th8 Tequirements of the Companios Act 2006. Bas1• for oplnlon We conducted our audrt in accordance with International Standard8 on Audn9 {UK} {ISAs IUKII and applicab law. Our rosponsibilities under those standards are further de$cribod in the Audilorfs respon&bilit&s for the 8udit of the finan81 statements section ol our roport. Wo aro independent of Ihe charitable company in accordanc with the elhical requiromenls that are reWant to our audrt of the financial statements in the UK, including tho FRC'S Ethical Standard, and we have fUlled our other ethical r•sponsibilitKrys in accordance wrth those requirements. We beIve that the audit 8vkJ6n¢• wo have obtained is suffwnl and appropriate to prov¢ a basis for our opinKn. Con¢lu•lon• r•l4llng to golng ¢on¢•rn In auditing the financial stslemenls. we have concluded that tho Govemofs, use of the going ¢onpAJm basis of accounting in the preparation of the finanaal slalomenls is appropriate. Based on the work we have perfom)ed, we have nol enIffd any material uncertainties relating to •vents or Conditions that, indivKlually or collectively. may cast signfficant doubl on the charilabb Company's ability lo continue as a going concom for a Per of al least fr#ee months from when tho financial Statements are authorisèd for issue. Our responsibilities and the responsibilitss of the Governors with respect to going concem are described in tho relevant sections of this report. Oth•r Inf0rn1411on The other infOall0 comprisès the information included in the annual report other than the finanual statements and our audrtorfs report thereon. The Govemors ar8 responsibl8 for the other information contained within the annual report. Our opInn on the finanual slatsments does not cover th8 Other infomiation and we do nol expr•8S any fom of assurance conclusion thereon. Our responsibilty to read the other infomlalion and, in doing 30. cOnser whether the other infomiation is materialty inconsistent with tho financial statements or our knowledge obtained in Ihe course of the audit. or otheNise appears to bo malerially misstated. If we idenlsfy suth material inconsistencies OT apparent matenal misstatements. we are required to detemiine whether this giv8$ rise lo a matenal misstalemenl in the financial Statements themsolves. If, basod on the work we have Ferfomied, we ndude that thare is a material misstatsmonl of this other infonnation. we are required to rnport thot fa¢t. le hove nothing to report in this regard. Mattorn on whlch ar• r•qulr•d to rnport by •xc•ptlon We have nothing to report in respect of the following matters in relation to which the Charits'es (Accounts and Reports) Regulations 2008 require us lo roport lo you rf, in our opinion.. the informatson given in the finanaal statements inConstent in any material respect with the Governors, report,. or suffiaenl accounlin9 records have not been kept,. or the financial ststements are not in agreemenl with the accountsng records., or we have not reIved all the infomiation and e¥plan81ions we require for our audit. 14-
LONGRIDGE TOWERS SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LONGRIDGE TOWERS SCHOOL R•8pon8ibiliti08 of Gov•morn As explained more fully in the statement of Go¥emorn' responsibilits, the Govemors. who are also the directors of the charitable company for the purpose of cL¥npany law, are r&spon$ible for the preparatson of the finan¢ial stslements and for bein9 satisfied thal they gNe a true and fair viw. and for such intemal control as the Govemorn detsmiine necessary lo enabb the preparation of financial statements that aro fre¢ from material misslalemenl. whether due to fraud or error. In preparing th6 ffinantyal slalements, the Governors are responsib for assessing tho charitsble company's ability lo eonb'nue as a going con¢ern. disdosing, as applicable, matter5 related lo going concAm and using the going Concem basis of accounting unless the Govemors either intend to 1kiuate tho Charitable company or to ceas8 operations. or have no realists¢ altemats've bul to do so. Audltor'8 r••pon•lblliti•• for the •udlt of the finan¢l•l 8tst•ments We have been appointed a$ auditor undef section 144 of the Chafities Act 2011 and report in ac£ordance with the Act and relevant regulations made or having effect Ihereunder. Our obiectives are lo obtain masonablg assurance about whether the finanaal $tslemenls as a whole are free from material misslalemenl, whelhor due lo fraud or orror. and to issue an auditorfs r8POrt that includes our opinion. Reasonable assurance is a hvjh bevel of assurance bul is not a guarantee that an audit conducted in accordanc4 with ISAS IUKI will ahvays detect a material misslalefflenl when it exists. Misstatements can arise from fraud OT error and are Consered material rf, Indivu81lY or in the aggregate, they could reasonably bo expected to influer+ tho 8conomi¢ docisions of users tsken on the basis of these finan81 statemonts. The extent lo which our procedures arn capable ol dotecting irregularili6s, induding fraud, ty delaiW balow. 15-
LONGRIDGE TOWERS SCHOOL INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF LONGRIDGE TOWERS SCHOOL Th• •xtont to whlch th• audtt wa• con•iderod capobh of dotecting Irr•gularltlo8. Includlng frnud Our approach to identifying and assessing the risks of material mi8$latemenl in respect of irregularities. including fraud and non-compliano with laws and regulations. was a$ follows.. the engagement partner 8n$ur8d that the engagement toam collectively had th• appropriate ¢ompol8nce, capabilities 8nd skills lo identify or recognise non-compliance with applicable laws and regulations., wo antifIed the laws and regulations applicable lo the charity through discussions with governors and the management team. and from our knowledge and exp¢rionce of the education $8ctor', we focu$&d on specific laws and regulations which we considered may have a direct material effect on the financial Slalemenl8 or the operations of the charity. including legislation such as the Companies Act 2006, the Educabon {Independ8nt School8 Standard$} Regulations 2014, employment legislation and data proleclion., we assessed the extent of Complian¢• with the laws and ragulalions identrfd above thlough making enquiries of management. contacting the enlty'8 solicitor for any details of non•¢ompliance and inspe¢ts'ng ¢uNenl year l•gal expenditure., and identified laws and regulation$ of parb'cular relevance were ¢ommuni¢aled within the audit taam Tegularty and tha taam remained alort to inslan¢66 of non-compliance throughout the audit. We assessed the suscaptibilily of the charity's finanrial statements to material mi$$latemanl, including obtaining an understanding of how fraud might occur. by,. making enquiries of managemersl as lo where Ihoy Considered there wa8 8usceplibility to fraud, their knowledge of actual, Suspected and alleged fraud., and considering the internal contro18 in place lo miligale risks of fraud and nonvcomplianca with laws and r•gulalions. To address the risk of fraud through management bias and ovornde of controls, including any fraud associated with revenue mwnitson, we.. perfom•d analytical procedures lo identify any unusual or unexpected relalion8hip$'. tested joumal entr5 to identify unusual transactions., a$se$$ed whelh•r judgomenls and assumptions made in determining the accounting estimates Set out in Note 2 were indicative of potential bias., traced a $8mple of fee InMe from sourca documentation lo nominal ledgers,. traced a 8ample of fee8 around the y6ar-8nd from source documentation to invoice lo onsure cut-off opefaling correctly., and evaluated the businass ralionala of any significant Iran80Ction8 that arè unusual or outside the nom)al cour88 of business. In re$pon88 to tho ri8k of irregularitts and non-compliance with laws and regulations, we designed proc¢dure8 which induded, bul were not limited to.. agreeing financial statement disclosure$ to undedying supporting documenlalion: reading the minut6$ of meetings of those charged with governance.. enquiring of management as lo actual and polentl81 lilatIon and daim$ against the thanty., and reviewing correspondence with HMRC and tho charity's legal advisors. There are inherent limitabons in our audit procedures described abov8. The more r8mov8d that laws and regLslalions are from financial Iransa¢lions, tho loss likely il is that we would become aware of non-compliance. Auditsng standards also limit the audit procedures required to identify non-compliance with laws and regul81ion$ lo enquiry of the governors and other management and the inspection of regulatory and legal correspondence, if any. Matenal mi$$latements that arise due lo fraud be harder lo delect than tho88 that arise from error as they may involve deliberate concealment or collusion. The laws and regulations which are considered to be signfficant to the entrty relate to the safeguarding of pupil$ and health and safety. Discussions are held with management to determine whether any breaches have o¢¢urred as well as gaI expenditure being $¢rutini$¢d for any gvidence on non-compliance. We also review any inspections of the school which have been carried out during the year. 16-
LONGRIDGE TOWERS SCHOOL INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE GOVERNORS OF LONGRIDGE TOWERS SCHOOL The audit was considered capable of id8ntifying irregularities onty to the extent of the $ub$lantiv• testing performed and from di$¢u$$ions with management. As part of an audit in accordancA8 With ISAS IUKI. we exercise professional judgoment and maintain professional 8ceplici8m throughout the audit. A fvrthèr description of our rasponsibilitS for the audit of the accounts 1$ Ited on the Financial Reporting Council'8 website al.. http'.Ilwww.frc.org.ukJauditor5responsibilities. This description fomi8 part of our audilorf$ report. This report 1$ made solely lo the charity's trusloes, a8 a body. in o¢cordanc• with section 144 of the Charities Acl 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that wo might stale to the charity's trustees those matters we are required lo slate lo them in an auditors, report and foi no other purpose. To the fullost exlenl permitted by law, we do not accept or a$$ume r85ponsibilily to anyone other than tho charity and its trustees as a body. for our audit work. for this report, or for the opinions we have fomied. StuartAlll8tsr CA {Sonlor Statutory Audttorl for and on bohalf of Grnavei Wo•t & Ayro Chart•r•d Ac¢ountsnt• Ststutory Audltor 17 Walkergate Berwick-upon-Tw8od Northumbedand TD15 IDJ Greaves Wast & Ayre is 6ligibl8 for appointment as auditor of the charitable company by virtue of ils eligibility for appointment a8 auditor of a company undor section 1212 of the Companies Act 2008. 17
LONGRIDGE TOWERS SCHOOL STATEMENT OF FINANcLAcTIvITIEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrn•trkt•d Unmlvkl Rmtrfctsd fundts fund• g•h•MI d••lgn•l•d 2024 2024 T0141 Unmtrfcl•dUnr••tsict•d R••trlcl lund• lundi lu1• 9•Tl d••bgn•t•d 2023 2023 Tothi 2024 2024 2023 2023 Incom• Imm: Don108 nd W(l•i Chrtiibl• •¢bMb•• InV•$thi 28.854 4.922.420 18.489 175 5.133.858 5.311 17S 4.891.867 3.311 5287.784 t8.489 .3641 1442.1911 Totsl Incom• s,331.127 (W.3641 4..?83 5,139.344 1442.1911 4,897,153 CharNabl• K¥blO•i 4.833.193 3,470 4.836.IJ63 4.470.135 6.20S 4.478,340 N•t lficom•ll•xp•ndbtur•l 13.4701 129.IIA) eeg.209 1442.1911 8,2051 220.813 Thnal•rn b•Wn fund• (383.3641 305.364 1442.1911 442,191 N•t mo¥•m•nt In fvnd• 132.570 13,4701 129.ILY 227.018 16,2051 220,813 R•¢0ncMl•llon ol fvnd•: Fund bn<•i It I S•plwrthr 2023 4.549.539 10.154 4.821.888 4,322.521 81.995 10.3$9 4,41)J,875 Fund bIne•* •t 31 Awiu•t 2024 4.682.l¢XI 01.9B5 8.684 4,750.780 4.549.33• 81,995 10,154 4.621.668 18-
LONGRIDGE TOWERS SCHOOL BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Notss Fixed assets Tangible assets 12 4.973.582 4,824.914 Current assots Stocks Debtors Cash al bank and in hand 13 14 10,937 220,560 1,083,451 8,154 336.226 481.780 1,314,948 826,160 Creditors: amounts falling due withln one year 15 1.537,742 1,029,386 Nel current liabilitS 1222.7941 1203.226) Total a88ets l•$s Current liabilities 4,750,788 4,621,688 The fund$ of the charitable ¢ornpany Restricted income funds Unrestricted funds - general Revaluation reserve Unrestricted fvnds- designated 16 6,684 857,380 3.824,729 61,995 10,154 724,810 3,824,729 61,995 17 4,750,788 4.621.688 The company is entitled to the exemption from the audit requirement contained in section 477 of the CoMpanS Act 2006. for the year ended 31 August 2024, although an audit has been carried out under section 144 of the Charities Act2011. Th• directors ad(nowledge their re$pon5ibilities for complying with the requirements of the Companies Act 2006 with respect to a¢¢ounting records and the pparatiOn of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006. for the year in question in a¢¢ordance with section 476. These financial statements have been prepared in accordanc£ with the provisions applicable to companies subject to the Small companies girne. Thg financial statements were approv by the Go Mr T. M. 8ramald Ichairmanl Trustse Mr P. Evans Tru8ts• Company registration number 01675232 (England and Wale$} 19
LONGRIDGE TOWERS SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Not•• Ca•h flow• from op•rallng •¢llvltl•• Cash generated from operations 21 827.579 126,401 Inv•8llng actfvltles Purchase of tangible ffixed aslets Pro¢d$ from disposal of tangib fixed 0s8els Investrnenl income recived {242.397) (101.1)J5) 1,550 5.311 16,489 N•t ¢••h u••d In Inv••tlng actlvlo {225.8) 194,144 N•t ¢a•h u••d In ffinanclng •¢llvltl•• N•t Incr•a•• In ca•h and cA•h •qulvhnts 601.671 32,257 Cash and cash oquivalonts al beginning of yoar 481.780 449,523 C••h and ¢*•h •qul¥•l•nts •t•nd oly•ar 1.083,451 481,780 -20-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounllng policie• Chartty inforniatlon Longridge Towers School is a private company limited by guarantee incorporated in England and Wales. The regi$ler•d office is Longndge Towers, Berwick-upon-Tweed, Northumberfand. TD15 2XQ. 1.1 A¢¢ountlng conv•ntlon The accounts have bfron prepared in accordance with the charitable company's goveming do¢umonl, tha Compan$ Act 2006 and 'Ac¢ounling and Reporting by Charities.. Slalem•nl of Recommended PraclicA applicable to charities preparing Iheif accounts in accordance with the Financial Reporting Standard applicable in Ihg UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. The chaiilable Company 18 a Public Benefit Entity as definod by FRS 102. The financial stal8ments are prepared in sterling. which 15 the functional currency of the Charitable company. Monetary amounts in these financial slalem•nts are rounded lo the n8are81 £. The finaneJ81 statements have beèn prepared under the higtorical c08t convention. modrfi8d to indude tho revaluabon of freehold properties and lo include inveslm8nl prop8rti88 and Certain financial inslrumanls 81 fair value. The principal accounting poliaes adopted a sel out bolow. 1.2 Golng Concern The Governors have reviewed the current financial position and the forecasts for both the Cufrenl and the next financial year. Their view 15 that as the School had ad¢qual¢ SOUrCeS and with the continued support of 118 bankers it can continue lo operate on the existing basis for the for8seeable future. Accordingly they have continued lo adopt the going concarn basis in preparing their annual report and ac¢ounl$. 1.3 Charltable funds Unro8trlcted fund8 aro available for use al the discretion of tho Governors in furth•ranc8 of thèir charitable objective$ unless the funds have been designated lor other purposes. D••lgnatgd funds comprise funds which hav• been sel aside al the discretion of the Governors for 8p8cifi¢ purposes, The putposes and uses of the designal8d funds are sel out in tha notes to the accounts. Bursary Fund This fund has been 8el up so that tha allocation of funding from nel fee income lo enable pupils to enter tho School who could not othfrrwise afford the fees can be readily identified 8nd Monitod. Bursaries are also ovailable lo those oxisting parents facing financial hardship who could not olherwiso continue lo ke¢p their child at the School. R•8trlctsd fund• are subject to specific condition$ by donors as to how they may b8 Used. The purpose8 and u$&$ of the restricted funds are sol out in the notes to the accounts. Science Facililios This fvnd has been credited with the donations made dunng the previous years. This fund 1$ being exp&nd•d on refurbishment of the Science facilit8. 1.4 Incoming re•ource8 Ineome is recognised when the charitable company is legally entitled lo it after any perfomiance conditions have been met. the amounts can be measured r81iably. and il is probable that income will be reived. This 1$ stsled after discounts, other $al6s tsxes and nel of VAT as the entity is exempt from VAT in tho period of these financial stslemenl$. Cash donation5 are recognised on receipl. Other donations are recognised once the charitsble company has been notified of the donation. unless perfomiance conditions require deferr81 of the amount. Income tax recoverable in felation to donations received under Gift Aid or deeds of eovenanl 1$ recogni$ed at the lime of tho donation. 21
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcl•8 {Continu•d) Legacies are recognised on receipt or otherwise if the ¢harilabl8 company has been notrfied of an impending dislributson, the amount is known. and re¢eipl is expected. If the amount 1$ not known, the legacy is Irealed as a contingent 888et. All gran18 are usod for charitable expenditure and capitsl ilem8, and are re¢ognised in fvll in the year in which they are receivabla. Foo8 rocaived in advance are held on behaw of par•nl8 and are only tsken lo the income and eXndItUre account when utilised in payment of School fee8. Acceptance deposits are payable when a pupil accepts a place al the School and are r8fundable when Ihe pupil leaves the School. These d•posit5 are considered to be retumable lo the parents le$$ any moneys owed lo the School and thus aro not treated as income in tho a0Vn of the School. 1.5 R••our¢•8 •xp•nd•d Expandilure 18 recognised once there is a legal or constructive obligation lo Iransfor •¢onomic b8nefii to a third paty, it 18 probable that a transfer of economic beneffts will be required in 8ettlem8nl, and tho amount of the obligation can be measuied reliably. Expenditure is classified by activity. The co818 of each aclivity are made up of the total of direct costs and shared costs. induding SUPPOrt costs involved in undertaking each activity. Direct costs attributable lo a single activity are allo¢alod directly to that aclivily. Shared costs which ¢ontribul• to more than one activity and 8UPPOrt cost5 which are not attributable lo a single activity are apportioned betsveen those activities on a ba818 consistent with the use of re$ourrA8S. Cenlfal staff costs are allocated on the ba$1$ of lime spent, and depr0rialn chargas are allocated on the portion of the asset's use. Expondilure 1$ allocated to the 8pecific expen888 heading lo which it rolales and 18 Teco9nised on an arxruals basi8. 1.6 T•n9lbl• flxod a•••ts Tangible fixed a$sots aro staled al cosl10s8 depreciation. Expenditure of less than £1.000 on the replacement or improvement of tangible fixed 8888ts 1$ written off as incurred. excapl whar• the itsm of expenditure can be identified as original Capital. Depreciation is providod at rats8 calculated lo write off the c081 le88 esbmated residual value of each a5sel ovèr its expected useful lrfe, as follows.. Freehold land and buildings Fixtures, fittings & equipment Motor vohiclos 10% - 25% Straight line 25% Straight line Oonaled assets are capitalised at their esbmated value al tha lime of receipt of the grft. These assets are then fvlly depreciated in the year of the grft. Although the accounting standards and Companies Ad requires depreciation of fixed assets, the freehold buildings are nol depreciated. The Governors belkgve that a departure from the requirements of the slandafds is appropriate in order for the accounts lo give a truè and fair view. In the opinion of the Governors the freehold buildings are maintained in SLt¢h a stale of repair that Ihoir rosidual value is at least equal lo their net book value. The gain or loss ansing on the disposal of an a$$¢t is det•rmined as the drflerence be88n the sale procAeds and the c8rying value of the asset. and is re¢ogni$sd in nel incomellexpenditurel for the y68r. -22-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollclos Icontlnued) 1.7 Impalmi•nt of flxgd assets Al each reporting end dale, tha charitable company reviews th• carrying amounts of 118 tangible ond intangible assets lo delorn1in8 whether there 1$ any indication that those assets have $uffered an impairment loss. If any $y¢h indication exists. the recoverable amount of the assel is estimated in order lo delemiine the extent of the impaimienl loss Irf anyl. 1.8 8to¢k• Stock is valued al tho lower of cost and net realisable value. 1.9 Ca•h •nd cash oqulval•nts Cash and cash equivolenls include cash in hand, deposit8 held al call with banks, othor ShOrt-ts liquid inveslmenls with original maturities of Ihreo months or less, and bank overdrafts. Bank overdrafts are shown within borrowing8 in current liabilities. 1.10 Fln•n¢lal In•tfum•nts The charitable company has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 '0thgr Finanaal Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in tho charitsble company'$ balance sheet when the ¢haritabbo company becomes party lo the contractual provisions of the inslrumenl, Financial assets and liabilities are offset, with the nel amounts pra$•nled in the financial slatemenl$, when there is a legally 8nforc8able right lo sel off the rocognised amounts and Ihore is an intention to settle on a nel basi8 or lo realise tho asset and Settle the liability 8imullaneou$ly. Bask fln4ncl•l •$$ets Basic financial assets, which include debtors and cash and bank b8lanc8$. aro initially measured at transaction price including Iron$action costs and are subsequently carried al amortised cost using the eff¢¢live interest method unless the arrangement conslitules 8 financing Iransaclion. where the transaction is measured at the pre$gnl value of the future receipts discounted al a market rale of interest. Finanoal assets classrfied as receivable within on• year are not amortis•d, 84slc flnancl•l Il•bllltles Basic financial liabilities. including Creditors and bank loans are Initially recognis6d al Iransa¢lion price unless the arrangement conslitules a financing Iran$a¢lion, where the debt in$lrumenl is measured al the prnsenl valu8 of the future payments discounted at a market rate of interost. Financial liabilities classified as payable within one year are not amorti$od. Dobl instwments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for good8 or 8orvi¢es that have been acquired in th• ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one year or 195s. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at Iran$a¢tion price and subs6qu8nlly measured at amortised cost using the effective interest method. DerKognltlon ol flnanclal Ilabllltle$ Financial li8bilities are derecognised when the charitabl• company's contractual obligations expire or are discharged or canc4lled. 23-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounllng polklo8 (Contlnued) 1.11 Employge ben•fits The cost of any unusod holiday onts'tlement is ro¢¥nised in the period in which the employee's serrfices ara receivod. Terniination bonafits are recognised immedialety as an expense when the charitable company 18 demonstrably committed to lemiinats the omployment of an employee or to provKJe lenninalion ben•frt5. 1.12 Tr•n•f•rn Transfers betsveen the fvnd$ afe discussed and approved by the Go¥emor8. The £365,36412023'. £442.191 } transfer from the Unrestricted Fund to tho Designated Fund has been carried out in order lo match bursary allowanc¢$ awarded by the School during tho academic year. 1.13 Retlr•m•nt nefft$ The School parb'apatod in the Tea¢h8rn' Pension Scheme up until 31 Doc4mbor 2019 for its teaching $tsff. From January 2020 payments have been made lo defined ¢ontributs'on retr"remenl benefit sthemos and are charged as an èxpenae within the finanrjal stalemonts as they fall due. Crlll¢•l •¢countlng Mllm*ts• Ind ludg•m•nts In the application of tho charit8ble ¢ompany'$ accounting polici88, the Governors are required lo make judgemènts. estsmates and assumptions about the e4rrying amount of assets and liabilitS that arn not roadily apparent from other $our¢4s. Tho osb'matos and assoaaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may diffor trom these ests'mates. Tho e$limales and undedying assumpkn'ons are reVwed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in whth the estimate 1$ revised where the revision affects only that per, or in tho Penc of tho r8vBion and future porh)ds whère the revision affects both ¢urrenl and fvlure perd8. Don•llon• •nd hg•cl•• Llnrn•trlctod Unr••trlct•d funds fund¥ g•norn1 g•n•rnl 2024 2023 Donations and 9fft8 26.854 175 Inv••tm•nts Unr•¥trlcted Unrn•trlcted fund• funds goneral general 2024 2023 Intorost recONabl8 16,489 5.311 -24-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMEKrs {coKriNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charltsble activitlei Tot•1 2023 Fund• 2024 Tuition fees School meals Boarding School bus Hiro of school faaliti8$ Rryislration Sundry incx)m8 Tnp income Less.. Bursarigs 4,850.371 144,294 192.120 308,998 4,740,425 149.461 187,076 320.034 3C 6.244 17.627 125.685 1855.185) 5,401 15.528 243,882 {839.154 4,922,420 4,691,667 Anatysis by fund Unrestricted fvnds - general Unrestn'ctsd fvnd8 - d•$vJnaled 5,287,784 1365,3641 5,133,858 {442,1911 4,922.420 4,691,667 N•t mov•m•nt In fund• 2024 2023 The not movement in funds is 8taled after thargIn{CrO01kn'n9)'. Fees payable for the audit of the charty's financial statements DopTeciation of owned tsngIb fixed assets 16,312 93,730 24.454 80,701 Support costs Support Gov•rnan¢• costs ¢o•ts 2024 Support Gov•m•nce costs costs 2023 Audit fees Legal and professional 16,312 13,213 16.312 13,213 24,454 12,482 24.454 12.482 29,525 29.525 36,936 36.936 Anatysed beeen Charitable acts'vrtte$ 29.525 29,525 36,936 36,936 Governan costs includes payments lo the auditors of £15,94012023". £24,100) for audit fees. 25-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Gov•morn None of the Governor5 (or any peTrons conne(Aed with them) any remuneration from the tharitable CpanY during the year. 26-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Educ•llon Co•ts ¢tyrfno 8o•rdlng & Tr•n•port cts Pvop•rty Colts Coi G•n•r41 Admln & Ov•rh••+S Tot41 2024 Tothi 2023 Stall costs Dewed811 ifid Impdrnl Toachho r8wrr•B R•Wrn gnd doat)Ing H•ii 4nd lhl Food cLi810 2,458.998 118.716 157,908 67,801 309.305 35,929 371,S21 3,418,538 93,730 3,220.432 80,701 85.t31 182,122 120,548 11B.319 26,733 84,953 129,885 192,208 82,720 89.487 98,889 8,350 3,451 120,507 128.550 148.071 137.804 151.522 120.9)7 17,117 Rolo8 and Irswr•nc•4 Co* ol trlpi School bu8 w¥1¢• Gon•ral aomh) Po8¢•a8. 8t815)nwy, •d¥•rt9 l•lwh¢n• B&nk Gh4r906 and Inlww¢ si•ff roryuhmènl coit• sUbpIloB Bad d•bli 83,819 BJ.819 243.802 204.280 84,703 80.673 5,784 12,268 18,748 36,824 243,882 204,280 48,894 22,482 f3.$49 80.873 5.784 12,288 18.748 38.824 12.540 11.764 14,472 2.850,443 15.940 249.024 372 $98.811 13.213 588,701 542.359 4,807.13B 29.523 4,439.404 38,936 Shv• ol Wvern•n ¢•¥tu lott nol8 71 2.888.363 249.386 811.824 see,701 $42,359 4.838.e83 4.476,340 .27.
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Ch•rft•W• •ctrhkn• IC¢)ntbTru•dl EduG4tbDn Bo•rdlNJ & TTrMport G•n•r Prop•rty •ts Admln & To¢•1 2024 Tot*1 2023 Co•ts An•ty•l• by fund Unre5tricl•J fvnds. gr 2m6.383 249. 8?54 3.470 566,701 542.359 4.833.193 3.470 2M8.383 249.396 611,824 .701 542.359 4.. Forth• ymr •rthd 31 AUgt2023 Unrests1&8d fvnds. g•rnl R•stiicted 2M8.278 241,546 528.578 583,311 .422 4.470.135 6,205 2P)8.278 241.546 534,783 563.311 Xfj,422 4.476.340
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Employ908 Number of •rnployges The average monthly number of employees during the year was.. 2024 Number 2023 Numb8r Teaching Administration Other 55 13 52 12 38 106 102 Ernployment Costs 2024 2023 Wages and salaries Social security co$ts Other pension costs 2,864,854 263,645 288,039 2,667,782 272,043 280,608 The number of employees whose annu81 Mun0r811On was £60,000 or more were.. 2024 Number 2023 Numbor £60.001- £70.000 £80,001- £90,000 £100,001 É110,000 Of the employees whose emoluments exceed £60,000. 412023.. 4} have retirement benefits accruing under defined benefit pension schemes. 11 Taxation The charity is exempt from taxation on its activitS because all its incom8 is applied for charitable purposes. -29-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Tangible fixed a88ets Fr8•hold land and bulldlng• FlxtUf•8, ftttlng• & ulpm8nt Motor vehlcl Total Cost At 1 September 2023 Additions 4.616,549 151,522 635,677 67,145 189,122 5.441,348 23,730 242,397 At 31 Au9usI 2024 4.768,071 702,822 212.852 5.683.745 Depreclatlon and bmpaimient At 1 September 2023 DeP4On charged in the year 493,409 57,801 123,024 35,929 616,433 93.730 At 31 August 2024 551,210 158,953 710,163 Carrying amount Al 31 August 2024 4.768,071 151.612 53,899 4.973.582 Al 31 August 2023 4,616,549 142,268 66,097 4,824.914 All fixed assets are u$6d in dir8Ct furtherance of the charrty'$ objects. The land and propety of the School was valued in August 2012 by Lambert Smith Hampton, Chartered Surveyofs, at a value of £4,593.750. The specialist property of the School was valued using th8 Depreciated Replacement Cost method and property other than specialist propety 1$ valued on the basis of Market Value. The land element of £107,500 1$ included within the revaluation. On transition to FRS102 the charity has ¢ho$en to revalue ils land and buildings up lo ils fair value, using the exceptson under FRS102 that this now becomes the deemed cost. No depreciation is charged on the property as per the accounting policy. A depreciation charge of £224,474 {2023.. £224,474) would have been expended to the income and expenditure account if the propety we depreated. 13 Stocks 2024 2023 Raw material$ and consumab18S 10,937 8,154 -30-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 D•btorn 2024 2023 Amounts talllng duo wlthin on• y•ar: Trade debtors Other debtors Prepayments and accrued InMe 109.680 5,963 104,917 182.168 4.301 149,757 220,560 336,226 15 Credltors: amounts flllng du• wlthln on• y••r 2024 2023 Payments received on a¢counl Trade creditors Other credrtors Accruals and deferred income 1,160.233 115,619 176.328 85.562 393,362 141.671 276,400 217,953 1,537,742 1.029.388 16 R•strlcted fvnd• The income fund8 of the Charilable company indude re$triclod funds c(#nwAing the following unexpended balances of donations and grants held on trust for spocrft purposes.. Atl Septernr 2023 RMour¢K At 31 August •xpond•d 2024 Sa'ence FalitS Fund 10,154 13,4701 6,684 Prnvlou• year. At1 S•pI•mr 2022 R•8our¢M At 31 August •xp•nd•d 2023 Suenc* Facilrtio8 Fund 16,359 (6,205) 10,154 31
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Unrn•trict•d fund8 - d•8ignated The income funds of the charitable company include the following designated funds which have been set aside out of unrestricted funds by the Governors fof specific purposes: At1 Soptsmber 2023 Incoming r•8041rco8 Transfers At 31 August 2024 Bursary Fund Major Repairs Fund {365,364) 365.364 61,995 61,995 61.995 (365,364} 365,364 61,995 Prnvlous ygar: At1 SoPt•mber 2022 Incoming resour¢g8 Transfers At 31 August 2023 Bursary Fund Major Repairs Fund 1442,1911 442,191 61,995 61,995 61,995 1442,1911 442,191 61.995 32-
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Unmtricted Dont0 R•trict•d 2024 2024 2024 Total LIfir•#1Ct+d D•#lymat•d RlIkt• 2024 2023 2023 202J Totsi 2023 FurKI bai4nc•s 8131 August 2024 rwe88ntsd Tangth S16 Current 88s8is10lat4*$) 4,970,114 1285.0051 3.488 4,973,582 4.817,978 3.218 1222,7941 1268,4371 8,938 4,824,914 3,216 1203,2281 61,995 81.995 4.682.109 81,995 6.884 4.7S0.78B 4.549,539 61.995 10.154 4.621.688
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 R•latod party tr•n•acllon• Romunoratlon ol key managernont pornonnol Key management has been delemiined lo b¢ the Govemorn and the fiva member8 of the senior management team. Governors re1¥8 no remuneration. The lotal reMUneraln of the senior mana9emenl team exduding employorn National Insurance was:_ 2024 2023 Aggregate comp6n$ation 401.027 341,849 Tr•n•actlon• wlth r•l•t•d p•rtl•• During the year the charitable company enlered into the following transactions with related partlO8'. Certain Govemors, children and thildren of key management personnol are pupils att8nding Longridge Towers School. Fees are paid on nom)al commercial teryns. At the year end the £18,12712023'. £5,126) was owed lo th8 school by Governors and £419 12023.. £Nill had been received by the School as fees pa in advano. The discounts received in the forn of academic scholarshy and bursari88 t(ywards thoir childran educated al the 001 amounkn'ng to £21.77112023.' £38.7641. The scholarship8 have bn awarded to tho children based on performanc4 in the annual scholarship examinatn8. The provisiL)n of thesa 8cholarships were 8ppro¥ed by the charit ComMiK)n. 20 Flnancl•l ¢ommllm•nts? gu•r•nt••• and contlng•nt Il•bllltl•• At 31 August 2024 a contingent liability exists in respect of window8 ieplac*d in previous years. At this tsme the costs of further WO required in order to ensure compliance planning regulations is not known with certainty.
LONGRIDGE TOWERS SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Cash gonerated from operation• 2024 2023 Surplus for the y8ar 129,099 220.815 Adjuslmenl$ for.. Inveslm6nl income r8¢ognis8d in statement of financial 8Ctivities Oepr¢cialion and impairment of tangible fixed assets 116,4891 93.730 15,311 } 80,701 Movements in working capital.. Ilncreaselld8crea$e in stocks D8crease in debtors Increaselldecreasel in creditors {2.7831 115,666 508,356 2,223 77.071 1249.0981 C••h goneralod from op•rntlon• 827,579 126,401 22 Analyil• ol ¢hang•• In notfund• The charitable company had no material debt during the year. 35-